The 2023 World Openness Report provides us a comprehensive assessment of the state of global openness in trade, finance, infrastructure, climate and policies. 

The report underscores the need for rebuilding global solidarity, and creating new momentum for international trade, sustainable development and climate action.

I take this opportunity to highlight three key areas to rejuvenate multilateralism and expand openness.

First, we need to reaffirm commitment to strengthening a rules-based, non-discriminatory, open, fair, inclusive, equitable, sustainable and transparent multilateral trading system. Global trade governance must be strengthened to better address challenges posed by the new economic realities; and to better deliver on trade negotiations, improved transparency and effective dispute resolution.

Second, we need to reform the international financial architecture to accelerate investments in the SDGs. The United Nations Secretary-General has put forward his SDG stimulus plan, outlining the transformations needed for multilateral development banks, other financial institutions and governments. The SDG Summit held last September in UN Headquarters endorsed the proposal in principle, including to mobilize at least 500 billion US dollars per year in affordable long-term financing for sustainable development and climate action.

Third, countries must collaborate to address the reality of climate change in a spirit of solidarity. Developing countries must be supported in developing their green, equitable and resilient growth paths. Developed countries must make good on their finance commitments, including the 100 billion US dollars promise for meaningful climate change mitigation actions.

Hongqiao International Economic Forum Membership was established at the 2nd HQF. We serve as a platform for cooperation, exchange and interaction between our members and organizations from all walks of life with a community bringing together political, business and academic leaders.

There are three kinds of Membership: Diamond Members, Platinum Members and Elite Members. Members have access to benefits in Hongqiao International Economic Forum, CIIE Business Exhibition, promotion and publicity, reception, etc. 

For more information, please click https://www.ciie.org/zbh/en/IEF/Members/situation/, or contact hongqiao_forum@ciie.org.